Dubai real estate sector recorded $3.3bn of transactions last week, including $15m Palm Jumeirah apartment
Dubai real estate sector saw $3.3bn of transactions and 2,579 sales last week, including $15m Palm Jumeirah apartment
Construction has commenced on two new pedestrian bridges on Dubai's Palm Jumeirah, according to the emirate's Roads and Transport Authority (RTA). These bridges, situated near the Shoreline and Golden Mile buildings, are part of a broader traffic improvement initiative aimed at enhancing safety, optimizing traffic flow, and facilitating movement between various destinations in the area.
The RTA highlighted that these bridges are anticipated to serve approximately 16,000 residents. The partnership between the RTA and Dubai Holding Community Management spearheaded the commencement of this project, as announced via RTA's official social media channels. This latest development in pedestrian infrastructure is part of a series of traffic improvement projects underway in Dubai.
Earlier this month, the final bridge of the World Trade Centre roundabout project was set to be inaugurated, boasting a length of over 1km and a capacity to transport 3,000 vehicles per hour. This bridge is expected to significantly reduce the travel time between Al Majlis Street and 2nd December Street, slashing it from six minutes to just 60 seconds.
The World Trade Centre roundabout project is set to complement the Al Mustaqbal Street Development Project, a comprehensive initiative slated for completion in 2027. This development encompasses bridges and tunnels spanning a total of 1.5km, along with the expansion of Al Mustaqbal Street to four lanes in each direction.
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